"The reality is (housing development is) is still way down on what we actually need," Urban Taskforce Australia chief executive Chris Johnson.

As the population continues to grow faster then expected, more housing and infrastructure is required and at a much faster rate.

For those looking to build their first home in popular suburbs like Cameron Park, Appletree Grove Estate West Wallsend and recently announced Huntlee, now is the time. The same can be said for investors. It will certainly take some time before supply outweighs demand.